DD Support Board and Research Team

[1manband]

Alpine Securities is still fighting to stay alive.

They recently filed with the SEC another appeal for review over NSCC's new sub-penny stock margin requirements.

https://www.sec.gov/litigation/apdocuments/3-20238-2021-03-02-application-for-review.pdf

Alpine first filed for a review of this new rule back in December 2018. That ruling has dragged on and on and on. On March 3rd, the SEC for the second time extended the time to issue a decision for another 90 days to June 1. That explains the new filing, as Alpine is obviously being squeezed by the new rules and is hoping a new filing on the same issue will force the SEC's hand.

It is incredible that Alpine still hasn't been thrown out of the brokerage business yet. In the other case against John Hurry and Scottsdale levied by FINRA and appealed by Hurry, the SEC has extended the time for decision ELEVEN times, with the current deadline set as April 21st. It is almost as if the SEC is hoping the new NSCC rules drive Hurry out of the business so they don't have to rule on the FINRA ruling which effectively does the same thing.